Civic Intelligence

Psyches of Color

EIN 85-1924796 • 501(c)3 • Los Angeles, CA

Profile

Charitable, Educational, Scientific Purposes: Tax-Exempt Purposes. (a) To promote, encourage, and advance education; (b) To provide grants, scholarships, engagement or support to, or for the benefit of, distressed, underprivileged, underrepresented and underserved youth and communities; (c) To eliminate prejudice and discrimination and combat community deterioration and juvenile delinquency; and (d) To conduct any and all lawful activities which may be necessary, desirable or useful in accomplishing the foregoing purposes, either alone or together with other organizations and individuals having similar purposes, subject to the restrictions and limitations in the Psyches of Color, Inc. Articles of Incorporation and the provisions of the Nonprofit Public Benefit Corporation Law of the State of California (NPBCL).

1150 S Olive StreetLos Angeles, CA 90015

psychesofcolor.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.75x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

0.89x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

82nd percentile

30%

Higher net margin than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

89th percentile

$14,467

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

95th percentile

143%

Faster asset growth than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

103%

Faster revenue growth than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$280,367

Up $164,780 (+143%) from 2023

Liabilities

Up

$209,768

Up $206,803 (+6975%) from 2023

Net Assets

$70,599

No earlier filing loaded for comparison.

Revenue

Up

$234,566

Up $118,987 (+103%) from 2023

Expenses

Up

$163,967

Up $145,736 (+799%) from 2023

Net Income

Down

$70,599

Down $26,749 (-27%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2020: $96Liabilities 2020: $02020Assets 2021: $8,049Liabilities 2021: $02021Assets 2022: $15,274Liabilities 2022: $0Net Assets 2022: $15,2742022Assets 2023: $115,587Liabilities 2023: $2,9652023Assets 2024: $280,367Liabilities 2024: $209,768Net Assets 2024: $70,5992024

Highlighted filing

2024

Assets$280,367
Liabilities$209,768
Net Assets$70,599

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Revenue 2020: $96Expenses 2020: $0Net Income 2020: $962020Revenue 2021: $8,547Expenses 2021: $498Net Income 2021: $8,0492021Revenue 2022: $11,186Expenses 2022: $3,961Net Income 2022: $7,2252022Revenue 2023: $115,579Expenses 2023: $18,231Net Income 2023: $97,3482023Revenue 2024: $234,566Expenses 2024: $163,967Net Income 2024: $70,5992024

Highlighted filing

2024

Revenue$234,566
Expenses$163,967
Net Income$70,599

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 15, 2025
Return Version
2024v5.0
Gross Receipts
$234,566
Mission and Program Overview

Mission

Charitable, Educational, Scientific Purposes. Tax-exempt purposes. (a). To promote, encourage and advance education; (b) To provide grants, scholarships, engagement or support to, or for the benefit of, distressed, underprivileged, underrepresented and underserved youth and communities; (c) to eliminate prejudice and discrimination and combat community deterioration and juvenile delinquency; and (d) To conduct any and all lawful activities which may be necessary, desirable or useful in accomplishing the foregoing purposes, either alone or together with other organizations and individuals having similar purposes, subject to the restrictions and limitations in the Psyches of Color, Inc. Articles of Incorporation and the provisions of the Nonprofit Public Benefit Corporation Law of the State of California (NPBCL).

Provides mental health support to at promise Black and Latinx adolescents and young adults to decrease the stigma of mental health and promote radical healing. Our two-prong approach includes 1) destigmatizing mental health and providing opportunities that adaptively supports the way at-promise Black and Latinx youth (13-25) navigate their mental health and 2) exposing, nurturing, and empowering the next Black and Latinx mental health professionals through various mental health pathways (e.g., mental health care trainings, workshops, certifications, leadership skills, and research).

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$115,579$209,768▲ $94,189
Total Assets$115,579$280,367▲ $164,788
Other Assets Total-$70,599-
Liabilities
Accounts Payable and Accrued Expenses$115,579$209,768▲ $94,189
Total Liabilities$115,579$209,768▲ $94,189
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$70,599▲ $70,599
Net Assets Without Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$0$70,599▲ $70,599
Total Liabilities and Net Assets / Fund Balance$115,579$280,367▲ $164,788

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$70,599--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jessica FloresCommunity Outreach & Volunteer Services CoordinatorPT$14,467$14,467

Board Members and Trustees

NameTitle
Dr Tierra T EllisFounder & President
Dr Sahran HamitSecretary
Dr Myisha Driver WoodsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$234,566
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$234,566
Change in Net Assets
$70,599
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$83,448
Salaries, Compensation, and Employee Benefits$80,519
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$73,626$0$0$73,626
Fees for Services Other$53,815--$53,815
Payroll Taxes$6,893$0$0$6,893
Occupancy$6,862--$6,862
Office Expenses$6,594--$6,594
Fees for Services Accounting$4,655-$0$4,655
All Other Expenses$4,236--$4,236
Insurance$3,083--$3,083
Fees for Services Management$1,378$0$0$1,378
Information Technology$990--$990
Other Expenses$219$0$0$219
Advertising$66--$66
Total Functional Expenses$163,967$0$0$163,967
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Prior to filing, a complete draft of the Form 990 is provided to all members of the governing board. The board reviews the form in detail, including revenue, expenses, compensation, and changes in net assets. Questions or concerns are addressed with the organization's CFO or accountant. The board formally approves the Form 990 during a scheduled board meeting (or via unanimous written consent) before submission to the IRS. The approval and review process is documented in the meeting minutes to ensure transparency and compliance with governance policies.

Form 990, Part VI, Section C, Line 19

The organization's governing documents (Articles of Incorporation and Bylaws), conflict of interest policy, and financial statements are made available to the public upon request. Requests can be submitted via email, phone, or in writing, and financial statements are also posted on the organization's website. Copies are provided at no charge, except for the cost of copying if requested in hard copy.

Filing and Contact Details

Filer

Filer Name
Psyches of Color
EIN
85-1924796
Phone
3234320389
Address
1150 S Olive Street, Los Angeles, CA 90015

Signing Officer

Name
Tierra Ellis
Title
President
Phone
3234320389
Signed
2025-11-15

Organization Details

Formed
2020
Legal Domicile
CA
Voting Board Members
0
Independent Board Members
0
Employees
11
Volunteers
31
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

We had a total of 27 contractors that ranged from workshop facilitators (19), photographers (1), videographers (1), HR Consultant (1), CRM Consultant & Services (1), Curriculum Consultant (1), Merchandise Consultant (1), LAUSD Consultant (1), Website Developer. We hired 7 of those consultants twice.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy2Grp/Desc0Mentoring POC Healing Arts - This program provides mentoring to Black and Latinx adolescents and young adults (13-25) by providing them with guidance on personal, professional, and mental health goals and is an integration of mentoring, mental health, and art education.
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IRS990/ProgSrvcAccomActy3Grp/Desc0The Black Equity Collective Grants mission is to join funders and communities in strengthening the long-term sustainability of Black-led and Black empowering programs in Southern California. Specifically, we received a planning grant to support our new workforce development program as well as funding support for capacity building efforts for the nonprofit organization services. Lastly, it supported our Penpal POC program, Family Support program, and Nurturing POC Program for materials needed for workshop facilitation. The Penpal POC program provides mental health support to youth who have been impacted by systems (e.g., foster, carceral, schools). The Family Support program provides mental health support to families of our Black and Latinx youth. the Nurturing POC program provides mental health support to parenting teens and young adults.
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IRS990/PYOtherExpensesAmt08684
IRS990/PYRevenuesLessExpensesAmt097348
IRS990/PYSalariesCompEmpBnftPaidAmt09547
IRS990/PYTotalExpensesAmt018231
IRS990/PYTotalRevenueAmt0115579
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt070599
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0234566
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt011186
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt08647
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt097
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0370075
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0370075
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0234566
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0115579
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt011186
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt08647
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt097
IRS990ScheduleA/Total509Grp/TotalAmt0370075
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0234566
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0115579
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt011186
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt08647
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt097
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0370075
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt070599
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Restricted Grant Balance
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Prior to filing, a complete draft of the Form 990 is provided to all members of the governing board. The board reviews the form in detail, including revenue, expenses, compensation, and changes in net assets. Questions or concerns are addressed with the organization's CFO or accountant. The board formally approves the Form 990 during a scheduled board meeting (or via unanimous written consent) before submission to the IRS. The approval and review process is documented in the meeting minutes to ensure transparency and compliance with governance policies.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization's governing documents (Articles of Incorporation and Bylaws), conflict of interest policy, and financial statements are made available to the public upon request. Requests can be submitted via email, phone, or in writing, and financial statements are also posted on the organization's website. Copies are provided at no charge, except for the cost of copying if requested in hard copy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2We had a total of 27 contractors that ranged from workshop facilitators (19), photographers (1), videographers (1), HR Consultant (1), CRM Consultant & Services (1), Curriculum Consultant (1), Merchandise Consultant (1), LAUSD Consultant (1), Website Developer. We hired 7 of those consultants twice.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd00
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IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToProxyTaxInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0163967
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0209768
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IRS990/TotalLiabilitiesGrp/EOYAmt0209768
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt02150
IRS990/TotalOtherProgSrvcGrantAmt02400
IRS990/TotalOtherProgSrvcRevenueAmt00
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IRS990/TotalProgramServiceRevenueAmt00
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IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0234566
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt031
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01150 S Olive Street
IRS990/USAddress/CityNm0Los Angeles
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090015
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0psychesofcolor.org
IRS990/WhistleblowerPolicyInd01
ReasonableCauseExplanation/ExplanationTxt0We experienced unexpected staff turnover in the financial and administrative position responsible for managing our annual tax filings earlier this year. This transition temporarily disrupted access to key financial information needed to complete the Form 990. To ensure compliance, we engaged a new CPA well in advance of our extended filing deadline and provided all required documentation in a timely manner. However, our preparer experienced an unforeseen medical emergency shortly before the filing deadline, which prevented them from completing the return despite our ongoing communication and good-faith efforts to meet all requirements. As a small organization with limited administrative resources, we took every possible step available to us to keep the process on track. Once we became aware of the delay caused by the emergency, we acted promptly to finalize and submit the Form 990 as quickly as possible. To prevent future delays, we have implemented new internal procedures, including earlier document preparation, a secondary compliance review by our board treasurer, and a requirement to secure an additional backup preparer during filing periods. These steps ensure that we maintain full compliance moving forward.

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